THE PRESIDENT: Yes, thanks. Listen, I'm thrilled that Michael
invited me to come and visit with you this Labor Day. But this isn't
the first time he invited me. (Laughter.) He invited me for last year,
and I committed. And then we had a terrible storm hit, and I hope you
understood -- understand why I needed to be there than up here last
year.

Now he invited me again. I couldn't wait to say yes, and couldn't
wait to come here. I must confess, Michael, I didn't realize how strong
your facility -- facilities are here. I wasn't sure what to expect, but
this is a fantastic facility. It speaks to your leadership, and the
leadership and the importance of your union. And so, here on Labor Day,
I say to the union members who are here, happy Labor Day, and thanks for
supporting leadership that is progressive, smart, capable, and has your
best interests at heart. (Applause.)

I'm proud to be here with the family members. Michael, thanks for
inviting family members. As you know, I think family is an important
part of life, and that -- invite the family here -- families here today
was a smart thing to do. I look forward to shaking as many hands as I
can this morning.

Today, on Labor Day, we honor those who work, and we honor those
who work because, in so doing, we recognize that one of the reasons why
we're the economic leader in the world is because of our work force.
And the fundamental question facing the country is, how do we continue
to be the economic leader in the world? What do we do to make sure
that, when people look around the world next year, and 10 years from
now, they say, the United States is still the most powerful economy in
the world? I think that's an important goal to have, because when we're
the most powerful economy in the world, it means our people benefit. It
means there's job opportunities. That's what we want. We want people
working. We want people to realize their dreams.

And so the best thing to do is to keep pro-growth economic policies
in place as the first step to making sure we're the most powerful
economy in the world. And I think that means keeping those taxes low,
letting you keep more of your own money. See, when you have more money
in your pocket, you get to spend the money. You get to make the
decisions. And the fundamental question facing government is, who best
to spend your money, you, or the government? I believe you ought to do
it. (Applause.)

So we ought to make the tax relief permanent. I like it when
people are working for a living, have more after-tax money in their
pocket. That's what I like. And I think that ought to be a policy of
the United States government. So to make sure that we're the economic
leader of the world, we got to keep taxes low.

But we also got to do some other things that's smart, and it starts
with making sure our workers have the skills necessary to compete in the
21st century. And that's one of the primary reasons I came to this
facility.

Now, I just happened to be over here at the training building, and
they put me behind the wheel of a Coast Guard cutter in Baltimore
Harbor, and they made the boat rock a little bit. (Laughter.) And I
got slightly discombobulated. (Laughter.) It's one of the most amazing
training tools I have ever seen. But it shows this union's commitment,
along with industry's commitment, to making sure that those who pilot
the boats, those who are engineers on the boats, have the absolute best
training possible. See, as we constantly -- as the world constantly
changes, we better make sure that our work force has the skills
necessary to compete if we want to be the world's leading economy.

And so I applaud the Seafarers Union, and I applaud the employers
working together to make sure that those who work for a living have what
it takes to be competitive. And we got to make sure that's the case
throughout all the work force, and we got to make sure that our
community colleges are accessible to people who need to gain new skills
of the 21st century. See, as the work force stays productive -- in
other words, if you keep getting a good education, it increases your
standard of living, but also helps this country remain strong
economically.

A couple of other things we need to do, as well. We got to do
something about energy, in order to make sure that we're competitive,
that this economy will remain strong, that people are able to find work.
By the way, the unemployment rate is 4.7 percent. That's a good sign
for somebody looking for a job. It means people are working here in the
United States. (Applause.)

But one things is clear, is that dependence on foreign oil
jeopardizes our capacity to grow. I mean, the problem is we get oil
from some parts of the world and they simply don't like us. And so the
more dependent we are on that type of energy, the less likely it will be
that we are able to compete, and so people have good, high-paying jobs.

And so I've got a plan to work with -- to spend money on
technologies. See, the technological development here at this school
has been dramatic. Well, we can achieve the same technological
breakthroughs when it comes to energy. And that starts with how we
drive our automobiles. You know, one of these days, you're going to
have a -- batteries in your automobile that will enable you to drive the
first 40 miles without gasoline, and your car doesn't have to look like
a golf cart. (Laughter.) I mean, I bet the people down in this part of
the world like to drive pickups, Mike. (Laughter.) But we're going to
have a battery that makes those pickups go.

And the reason why is, is that we're spending money to develop new
technologies to enable us to become less dependent on oil. And that
makes sense. And so, in order to think about how we remain competitive
as a nation, we've got to be aggressive in promoting new technologies,
particularly on the energy front.

You know, in the Midwest, a lot of people are beginning to fuel
their cars with more and more ethanol. Ethanol is derived from corn, so
you've got to get out there growing corn; the corn goes into an ethanol
plant and out comes fuel to drive the car. That seems to make a lot of
sense to me to say, in order to become less dependent on foreign oil why
don't we become more reliant upon America's farmers to produce energy
for our automobiles? And that's the kind of things we're doing.
(Applause.)

You know, we flew over -- coming here, we flew over a nuclear power
plant, and it's a modern, safe plant. In my judgment, this country
ought to continue to expand nuclear power if we want to become less
dependent on foreign sources of energy. Nuclear power is safe; nuclear
power is clean; and nuclear power is renewable. And so, what I'm
telling you is, and what I want the country to understand is, is that
technologies -- technologies has enabled this work force -- this union
to have a more productive work force -- technology is going to enable us
to become less dependent on oil. And we've got to continue to pursue
technologies.

And finally, one of the ways to make sure that we're a competitive
nation is to continue opening up markets for U.S. products. If I was
somebody who was driving a ship, or an engineer on a ship, I'd want to
hear a President say, we want you to be selling U.S. products --
transporting U.S. products around the world. See, we got 5 percent of
the world's people here in the United States, which means 95 percent are
potential customers. And therefore, it's important for us to be
aggressive about opening up markets.

And my message to the world is this: Just treat us the way we
treat you. That's all we expect. We just want the rules to be fair --
because I believe this country can compete with anybody, any time,
anywhere, so long as the rules are fair. (Applause.) So Mike asked me
to come and talk about ways to make sure we're competitive. He said,
what you going to do, Mr. President? There you are, things are going
okay now, but what about five years from now, what will the world look
like? And I hope here are some good ideas for you to think about, about
how to make sure that the United States is competitive.

In the meantime, it's important for Presidents to embrace the Jones
Act. Sacco was constantly talking to me about that. I have, so far,
five-and-a-half years as the President, supported the Jones Act, and
will continue to do so as the President. (Applause.)

I can't help but look at a man over there in uniform and think
about our military right now on Labor Day. First, thank you for
serving. (Applause.) And our soldiers and sailors and Coast Guard men
and Marines and Air Force have got to understand this -- that this
country supports them in the mission; that they may hear all the
political discourse going on, but the people of this country, the people
of the United States of America stand squarely behind the men and women
who wear our uniform. (Applause.)

And on Labor Day, we think about those who are sacrificing for our
freedom and peace, and we think about their families, too.

And so I want to thank you for greeting me. I look forward to
coming to say hello to you. I appreciate you taking time out of your
day to say hi. I know you're a little disappointed that Laura didn't
come. (Laughter.) You probably wish she'd have come and I stayed at
home. (Laughter.) But she sends her greetings. God bless you all, and
may God continue to bless the United States of America. (Applause.)